According to Daily Mail, German insurance giant Allianz, worth €86billion, are in talks with Chelsea to replace Three as principal shirt sponsor for next season.

The report adds: “Allianz, the German insurance giant, are reported to be one of several companies in contention to takeover as Chelsea’s principal shirt sponsor from next season.

“Chelsea’s main shirt sponsor since the 2020-21 campaign has been telecommunications company Three, however that deal is set to expire at the end of the current campaign and reports suggest a renewal is unlikely.

“Allianz are one of a number of companies in discussions with the club, with figures at Chelsea hoping a deal can be struck within the next six weeks.

“Chelsea’s current deal with Three is said to be worth £40m per season, or £120m in total having signed a three-year agreement.

“Allianz already have a heavy involvement in the sport, holding naming rights for both Juventus and Bayern Munich’s stadiums.”